Everyone who’s been successful in real estate was a beginner
once, and they each had someone who taught them what they needed to
know. I wasn’t any different, and I remember having a lot of
questions when I was new. To help the new guys and gals get
their groove, I set up a special Q&A with Matt Smith, an
avid listener who recently got started in real
estate.

Today, Matt becomes the interviewer and asks me about the many
things that made me successful in this business. I discuss the
concept of private money and how you can establish a network of
private lenders. I share why a rehab is better as a second deal
instead of as your first. I explain why networking is just as
important as marketing, and why a future crash shouldn’t be as bad
as the one we had a decade ago.

“If you're running a business, being smart, and paying
attention to your numbers, you should be able to pivot and react to
a crash accordingly.” - Don Costa

On Today’s Episode of Flip
Talk:

How
Matt got started in the real estate industry.

How
Don would have initially obtained funding if he was in Matt's
shoes?

Why
your first project should not be a rehab.

How
networking can help propel your business to new
heights.

Using
leverage without exposing yourself to economic
risks.

Where
Don sees the market going in the next few
years.

Don’s Words of
Wisdom:

Spending time to save money is a poor business
strategy.

There
isn't a secret to real estate; it's just a matter of doing it
consistently.

In
making new relationships, some won't pan out, but those that do
will be worth it.

Don't
let a down-turn paralyze you into moving forward and making a
decision.

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Thanks for tuning into the FlipTalk podcast! If you
enjoyed this episode and want to learn even more about what it
takes to build a 7-figure real estate business,head over to iTunes and
subscribe to the show. Don’t forget to tune into our other
shows: FlipTalk’s Rookie Play Book
and FlipTalk’s REI Round Table. Share your favorite
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takes to grow a successful business in the real estate
investing industry.

About the Podcast

Flip Talk with Don Costa is a no BS podcast with the specific goal of giving real, actionable information that you can use to start or grow your real estate business. No fluff, no bull, and no so-called
"experts". Just real knowledge, tips, and tricks from the guys who actually flip houses every day! Subscribe for our weekly episodes and get an inside look at successful house flipping businesses, and learn from real investors who have forged the path of success. Join Don Costa to get tips and tricks on how to implement systems while avoiding common, and costly mistakes. Get the knowledge you need to grow your house flipping business today!